Although the Red River settlement was inaugurated and carried out under its auspices, it has been stated, and in terms of reproach, that the Company did not encourage settlement or colonization. The statement may have an element of truth in it, but the condition of the country at the time must be borne in mind. Of course, the fur trade and settlement could not go on side by side. On the other hand, until the country was made accessible, colonization was not practicable. Settlers could not reach it without the greatest difficulty, even for many years after the transfer of the territory took place, or get their produce away. Indeed, until the different Provinces of Canada became federated, and were thus in a position to administer the country and to provide it with the necessary means of communication, the opening up of its resources was almost an impossibility. No single province of Canada could have undertaken its administration or development, and neither men nor money were available, locally, to permit of its blossoming out separately as a Colony, or as a series of Provinces. The work of the Company is still being continued, although, of course, under somewhat different conditions. The fur trade is quite as large as ever it was, and the relations of the Company are as cordial as of old with the Indians and other inhabitants in the districts remote from settlement, in which this part of the business is largely carried on. It has also adapted itself to the times, and is now one of the leading sources of supplies to the settlers in Manitoba, the North-West Territories, and British Columbia, and to the prospectors and miners engaged in developing the resources of the Pacific province. Besides, it has a very large stake in the North-West, in the millions of acres of land handed over to it, according to agreement, as the country is surveyed. In fact, it may be stated that the Hudson's Bay Company is as inseparably bound up with the future of Western Canada as it has been with its past.